Tax Tips On the road
Articles about taxes for rv entrepreneurs & digital nomads
What You Need to Know About Paying Taxes on Unemployment Benefits
Are you one of the many millions of Americans who filed for unemployment in 2020? Have no fear since you're not alone. However, it's important to understand paying taxes on unemployment benefits. While it's been great for so many to receive the extra benefits from...
5 Simple Items to Consider for Your Small Business Expense Checkup
Whether you’re budgeting for a new business or you’ve been operating for a while, performing regular expense checkups can help keep expenses down and profits up. Let's talk about doing a small business expense checkup! I totally understand that your expenses will vary...
5 Tax Deductions That Could Get You in Trouble
You've filed your tax return for the year. You feel good about it. However, I'm here to warn you about 5 tax deductions that could get you in trouble. It's super common for taxpayers especially self-employed individuals to make write-off mistakes. It's simply because...
2 Provisions That Allow for $100,000 Tax-Free IRA Borrowing
The $2 trillion COVID19 economic recovery bill titled the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) offers, among many things, some meaningful tax relief. Let's go over two tax relief measures in the CARES Act that can potentially benefit IRA...
Top 3 Reasons Why Now is the Time to do a Roth IRA Conversion
Has your financial advisor ever lectured you about the wonderfulness of a Roth IRA? Maybe they advised you to convert traditional IRAs into Roth accounts. Sound familiar? Well, now's the time to do a Roth IRA conversion. In hindsight, maybe that was a good thing you...
Amazing Way to Use Health Insurance as a Tax Deduction
Health insurance is no fun topic. There's lots of debate around the necessity of paying high premiums. However, if you're self-employed (i.e. you work as a contractor or freelancer), then pay attention. It's important to know how to take health insurance as a tax...
PPP Loan Forgiveness and Recording PPP loan funds
Congrats! You've applied and received PPP (Paycheck Protection Program) funds. Now what? Let's learn about PPP loan forgiveness and how to account for the funds on the books. First, the basics of the PPP funds as a recap. PPP Loan basics review The maximum PPP loan...
How to Apply for a PPP loan if You’re Self-employed
If you missed out on the original funding for the PPP loan, then have no fear. More funding has been approved! Are you ready? Let's help you understand how to apply for a PPP loan if you're self-employed. If you are self-employed, with no employees, you absolutely...
Top Questions About Disaster Loans Available to Small Businesses
There's no doubt about it. The COVID-19 pandemic has upended all aspects of life around the world, including the world of small businesses here in the U.S. If your business is struggling you may be able to get some help from the federal Small Business Administration...
Top 10 Coronavirus Stimulus Questions & Answers
With everything that is going on recently, I'm getting lots of questions about when, how and who will receive the stimulus check as part of the latest government actions. Specifically, I'm talking about the CARES Act passed by the US government just last week. So,...
Hi! I’m Heather Ryan, EA and I live full-time in an RV with my husband and two dogs. As a full-time digital nomad, I understand many of the unique tax situations created by travel. I also fully support entrepreneurs and the struggles they face. The goal of this site is to offer my knowledge through advice and tips to real-life situations and questions.
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This website is for general information only and is not intended to substitute for obtaining legal, accounting or financial advice. It is not rendering legal, accounting or other professional advice. Presentation of the information on this website is not intended to create a client relationship. For specific tax assistance please consult a tax professional on an individual basis.
While I make every effort to furnish accurate and updated information, I do not guarantee that any information contained in this website is accurate, complete, reliable, current or error-free. I assume no liability or responsibility for any errors or omissions in its content.